Paolo Cirio on Tue, 21 Dec 2010 13:12:39 +0100 (CET)

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<nettime> P2P Gift Credit Cards - Gift Finance. Press Release.

Press Release, 20 December 2010. London.

P2P Gift Credit Cards - Gift Finance.

This project proposes an alternative economy based on Peer-to-Peer  
architecture for a more equal sharing of wealth in society. It offers  
an innovative participative system using counterfeit virtual money.

Promotional AD:
Go on and get your P2P Gift Credit Card  
instantly, just by typing your email or cell phone number. When you  
activate the card you get your first ?100 of gift credit! Other  
rewards come every time you introduce a new friend!

About the P2P Gift Credit Cards:
By issuing a visionary type of credit card, the project introduces the  
P2P Gift Finance system based on Peer-to-Peer free credit shared  
across digital networks. The P2P Gift Finance is a democratic creation  
of money directly regulated by ordinary people in order to  
redistribute wealth in society. Power to create virtual money with a  
multiplier effect should be restored to the people, and regulated by  
democratic participation. It is recognised that the perpetual creation  
of money is necessary, however, since there is a private monopoly on  
the monetary system, it is proven to be unfair and is unlikely to ever  
change without intervention. Indeed many theorists have pointed out  
that allowing banks to create money is fundamentally unjust, unethical  
and immoral.
Find out more about it:

More details:
The website allows people to generate unique virtual  
card numbers to send to others via digital devices and platforms. In  
order to activate and use the P2P Gift Credit Cards users must  
generate new virtual credit card numbers for friends. Rules like this  
underline the idea of 'Sharing' a concept which defines the basis of  
P2P Gift Finance and enables a viral spread of free credit among  
people, generating a real alternative virtual credit that anyone can  
own. This approach also simulates the distribution of free credit by  
people as a form of "Basic Income", which may help to stimulate the  
entire economy.
Find out more how it works:

A limited edition of physical plastic P2P Gift Credit Cards are  
available by request on the, and they will also be  
distributed through public actions in London during the month of  
January 2011.
You can see a preview of the printed card and its holder in this  

Purpose of the project:
- Researching alternative virtual currencies, peer-to-peer lending  
platforms and electronic payments as a positive step in reshaping the  
future of sustainable finance in the contemporary digital networked  
- Underlining the consequences of private speculative lending  
institutions and explaining how they often determine economic crises  
due to the deregulated creation of credit.
- Calling people to sign petitions to shut down tax havens, and to  
investigate the bailout money that taxpayers recently paid to major  
banks by supporting ongoing campaigns on this issue.
- Bringing "Basic Income" (as a form of universal, guaranteed, minimum  
income) to public attention and the inequities of current patterns of  
the redistribution of wealth into question.
- Targeting social classes vulnerable to the deceptive marketing of  
the credit card industry (such as university students, artists, the  
unemployed and people with low incomes) in order to highlight the  
inherent dangers.
- Increasing awareness about global credit and debit owned by people  
and banks during the recent so-called global recession, as well as  
issues related to the creation of money.

If you would like to have more information about the recent so-called  
"economic recession", the victims of global fraud, the artificial  
scarcity of money, or, if you would like to know more about the credit  
card industries, their criminal interest rates (which cause depression  
and suicides), and more besides, you should have a look at the  
Infoshop section which is a real treasure trove of information:

A project by Paolo Cirio.
(This project is commissioned by an anonymous arts organisation in the  

At the end of January Paolo is going to release an explosive-top- 
secret project! So stay tuned! It is not to be missed

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